Authorizing the Comptroller to allocate income, deductions, credits, or allowances between and among two or more organizations under specified circumstances; requiring specified interest expenses and intangible expenses to be added to the federal taxable income of a corporation for the purpose of determining Maryland modified income under specified circumstances; and providing that the Act shall be applicable to taxable years beginning after December 31, 2003.

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Sponsored by:

Delegate Sheila E. Hixson, District 20

Delegate K. Bennett Bozman, District 38B

Delegate Clarence Davis, District 45

Delegate Michael R. Gordon, District 17

Delegate Anne Healey, District 22

Delegate Carolyn J. B. Howard, District 24

Delegate Salima Siler Marriott, District 40

Delegate Obie Patterson, District 26

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

COMPTROLLER

COPYRIGHT

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

FEES -see also- DEVELOPMENT FEES AND TAXES

INCOME TAX

INTEREST

INTERNATIONAL AFFAIRS -see also- FOREIGN TRADE

INTERSTATE AFFAIRS

PENALTIES

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

RULES AND REGULATIONS

SECURITIES

Bill affects the following Statutes:

Tax - General

( 10-109 , 10-306.1 , 10-804 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading, Enrolled

Fiscal Note: Available (WORD / PDF)

Amendments: None offered